XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
shares in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Revenues          
Product sales $ 2,443,600,000 $ 2,748,200,000 $ 7,168,400,000 $ 7,569,300,000  
Other revenues 36,000,000 38,600,000 103,000,000 120,000,000  
Total revenues 2,479,600,000 2,786,800,000 7,271,400,000 7,689,300,000  
Operating Expenses          
Cost of goods sold (exclusive of amortization and impairments of finite-lived intangible assets shown separately below) 649,200,000 634,600,000 1,916,700,000 1,812,400,000  
Cost of other revenues 8,800,000 13,600,000 29,000,000 43,100,000  
Selling, general and administrative 660,900,000 697,600,000 2,145,000,000 1,956,900,000  
Research and development 100,800,000 101,600,000 328,200,000 238,500,000  
Amortization and impairments of finite-lived intangible assets 807,100,000 679,200,000 2,389,200,000 1,629,800,000  
Goodwill impairment 1,049,000,000 0 1,049,000,000 0 $ 0
Restructuring and integration costs 20,700,000 75,600,000 78,200,000 274,000,000  
In-process research and development impairments and other charges 36,000,000 95,800,000 53,900,000 108,100,000  
Acquisition-related costs 0 7,000,000 1,800,000 30,400,000  
Acquisition-related contingent consideration 9,000,000 3,800,000 18,300,000 22,600,000  
Other expense (income) 1,100,000 30,200,000 (21,600,000) 213,200,000  
Total expenses 3,342,600,000 2,339,000,000 7,987,700,000 6,329,000,000  
Operating (loss) income (863,000,000) 447,800,000 (716,300,000) 1,360,300,000  
Interest income 2,500,000 700,000 5,500,000 2,500,000  
Interest expense (469,600,000) (420,200,000) (1,368,700,000) (1,130,700,000)  
Loss on extinguishment of debt 0 0 0 (20,000,000)  
Foreign exchange (loss) gain and other (2,300,000) (34,000,000) 4,600,000 (99,500,000)  
(Loss) income before (recovery of) provision for income taxes (1,332,400,000) (5,700,000) (2,074,900,000) 112,600,000  
(Recovery of) provision for income taxes (113,300,000) (57,400,000) (178,900,000) 14,000,000  
Net (loss) income (1,219,100,000) 51,700,000 (1,896,000,000) 98,600,000  
Less: Net (loss) income attributable to noncontrolling interest (700,000) 2,200,000 (1,600,000) 4,400,000  
Net (loss) income attributable to Valeant Pharmaceuticals International, Inc. $ (1,218,400,000) $ 49,500,000 $ (1,894,400,000) $ 94,200,000  
(Loss) earnings per share attributable to Valeant Pharmaceuticals International, Inc.:          
Basic (in usd per share) $ (3.49) $ 0.14 $ (5.47) $ 0.28  
Diluted (in usd per share) $ (3.49) $ 0.14 $ (5.47) $ 0.27  
Weighted-average common shares outstanding (in millions)          
Basic (in shares) 349.5 344.9 346.5 340.8  
Diluted (in shares) 349.5 351.0 346.5 347.2